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>Hence purchase prices are rocketing up and rental prices are drifting down. Shouldn't the decrease in homes to purchase increase the demand for rentals?
by jjtheblunt 6y ago
>Hence purchase prices are rocketing up and rental prices are drifting down.
Shouldn't the decrease in homes to purchase increase the demand for rentals?
- senkora 6y agoIf second homes are being rented, then the supply of rentals will also increase.
- 8note 6y agoThat depends on who's renting them? If it's a business, they will leave it empty rather than lowering the rent
- PragmaticPulp 6y agoI read it as the homes were being purchased by landlords, increasing the supply of rentals
- treeman79 6y agoDon’t forget mega rental companies. They but thousands of homes, then rent them out. All with minimal possible repairs and no regards to safety.